Sec. 5. Transfer by Gift or Exercise of Power of Appointment.
45 words·~1 min read·
/il/chapter-760/act-20/5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 5. Transfer by Gift or Exercise of Power of Appointment. A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to Section 10.